Real Estate Contracts
Help!
|
|
||||
|---|---|---|---|---|---|
| Accord and satisfaction | show 🗑
|
||||
| show | The transfer of legal rights and obligations by one party to another.
🗑
|
||||
| Bilateral contract | show 🗑
|
||||
| show | Failure, without legal excuse, to to perform any promise that forms the whole or part of a contract.
🗑
|
||||
| Consideration | show 🗑
|
||||
| Contractual capacity | show 🗑
|
||||
| Counteroffer | show 🗑
|
||||
| show | Compensation for financial loss caused by breach of contract as may be awarded by the court.
🗑
|
||||
| show | Fear or threat. A contract signed under duress renders it voidable.
🗑
|
||||
| show | Money the buyer deposits with the offer to purchase to show that the buyer is in earnest.
🗑
|
||||
| show | A contract that has been fully performed by the parties.
🗑
|
||||
| Executory contracts | show 🗑
|
||||
| show | One in which the parties to the contract have definitely expressed all the terms and conditions under which the parties agree to become contractually bound.
🗑
|
||||
| Full performance | show 🗑
|
||||
| Illusory offer | show 🗑
|
||||
| show | Contract implied from the conduct and actions of the parties.
🗑
|
||||
| Land contracts | show 🗑
|
||||
| Mutual assent | show 🗑
|
||||
| show | Unintentional. Misconception as to the facts. A statement believed to be true, but a reasonable person should have known.
🗑
|
||||
| show | The substitution of a new contract for a prior contract.
🗑
|
||||
| show | The party to whom an offer is made.
🗑
|
||||
| show | The party making an offer.
🗑
|
||||
| Parol Evidence Rule | show 🗑
|
||||
| Ready, willing, and able | show 🗑
|
||||
| Unilateral contract | show 🗑
|
||||
| show | A contract that is valid and enforceable. Legally binding upon all parties.
🗑
|
||||
| Void contract | show 🗑
|
||||
| show | Results from failure to meet some legal requirement in negotiating the agreement.
🗑
|
||||
| What are the essential elements of a contract? | show 🗑
|
||||
| Reality of consent | show 🗑
|
||||
| show | Unilateral. The seller has made a promise that the buyer will return with an action (purchasing the property) in response if they choose to buy the home.
🗑
|
||||
| show | binding
🗑
|
||||
| show | True. An offer becomes a contract when it is accepted.
🗑
|
||||
| Unless there are _____________ promises in a contact, it is not valid. | show 🗑
|
||||
| Statute of Frauds | show 🗑
|
||||
| show | Deeds, Restrictive (Covenants), Easements, Assignments, Mortgages, Options, Installment (Land Contracts), Leases (of 3+ years)
🗑
|
||||
| The usual manner of terminating contracts is by | show 🗑
|
||||
| Impossibility of performance | show 🗑
|
||||
| show | The manner in which the rights and/or liabilities of parties may be changed by the application of law without the act or cooperation of the parties affected.
🗑
|
||||
| A contract is ______________ provided no prohibition against it is spelled out in the contract itself. | show 🗑
|
||||
| show | Ambiguity
🗑
|
||||
| Contract Remedies | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
PoeticVine
Popular Real Estate sets